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Nvidia Rides Fierce Blackwell Demand Toward Stock Record Again.

Authors :
Vlastelica, Ryan
Source :
Bloomberg.com; 10/15/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Nvidia's shares are surging as the company addresses concerns about product delays and its long-term growth. The CEO confirmed that the Blackwell chip is in full production and demand for it is high. Major companies like Microsoft are investing heavily in artificial intelligence, further boosting Nvidia's prospects. Analysts expect Nvidia's revenue to more than double this fiscal year, and the company remains well-positioned to capitalize on the AI opportunity. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180277603